I think a contraction in the overall market is long overdue, and that should spell weakness for gold. I personally do not agree with his price targets for gold, though. If the structure of our deficit was similar to Canada, for example, then I would say yes, gold could easily fall that far. But in U.S. dollars, I don't see it. Our deficit problem is no longer 'down the road'- it's right here in our face. We need something like $2.5 trillion this year alone, and with the Chinese out of the treasury buying business, I'd like to know where the money is going come from. It sure as hell won't be taxes. So I'll play along- weakness yes, 40% collapse, no.